Share |

Succession

Anirudh Damani: ‘Applying ESG filters before understanding the problem is like putting the cart before the horse’

November 27, 2022

The fourth-generation entrepreneur and second-generation angel investor talks about his reasons for not applying an ESG mandate, next-gen impetus and a tax on polluting industries.

As a fourth-generation entrepreneur and second-generation investor, Anirudh Damani has carved a path across a multitude of industries but has a particular passion for making a difference through his investments.

From investing in a company that renews old smartphones for in-need Africans to facilitating funds into the wind, solar, hydro, and bio-power renewable power projects, Damani clearly has an affinity for making impactful and sustainable investments.

Multigenerational philanthropy: Aligning family values for impact

November 9, 2022

Philanthropy is embedded in the fabric of wealth management. Whether it’s the Silent Generation or Generation Z, each generation wants to make an impact through charitable giving, says BNY Mellon Wealth Management.

Philanthropy is top of mind for most affluent families. However, according to BNY Mellon Wealth Management’s Global Family Office Study, only 30% of family offices have documented strategies to deploy wealth in a truly meaningful way [1]. This disconnect is just one of several challenges that families face regarding philanthropic planning.

FB ROUNDUP: Jay Y. Lee, Michael Bruce, Daniel Kretinsky

November 1, 2022

In this week’s FB Roundup, Samsung names billionaire family member Jay Y. Lee as executive chairman; Purplebricks founder Michael Bruce sees property portal Boomin go bust and Daniel Kretinsky is cleared to increase his stake in Royal Mail.

Samsung names billionaire family member Jay Y. Lee as executive chairman
Following a full pardon for crimes including embezzlement and bribery, Jay Y. Lee has been appointed as Samsung’s executive chairman.

Inheritance tax: Protecting your family business

October 12, 2022

Milestones in the life of a family business can present both opportunities and risks. Frederik Bjorn and Clare Hetherington of law firm Payne Hicks Beach look at ways to take advantage of the former while reducing the latter.

FB Roundup: Yvon Chouinard, Simon Arora, Chip Wilson

September 20, 2022

In this week’s FB Roundup, billionaire Yvon Chouinard gives away Patagonia to fight the climate crisis; B&M discount chain boss Simon Arora retires early; and Lululemon founder Chip Wilson donates millions to British Columbia's wilderness.

Billionaire Yvon Chouinard gives away Patagonia to fight climate crisis
Yvon Chouinard, the billionaire founder of sportwear brand Patagonia, has announced he is giving away his entire company to a charitable trust to help fight the climate crisis.

The label, which has long since traded on its sustainability credentials - including guaranteeing its clothes for life - is now in the hands of a structured trust, which has been designed to direct all company profits into halting the crisis.

How Queen Elizabeth II guided her family through tumultuous times

September 9, 2022

Under The Queen’s historic reign, Britain’s monarchy survived and flourished. Campden FB looks at how Her Majesty adapted and evolved to lead her family and inspire her subjects.

The passing of Queen Elizabeth II, the longest-reigning monarch in British history, has left the world in shock. For many generations, The Queen was the only monarch they had ever known, a constant source of resolve who lived a life of extraordinary dedication and service.

As the newly appointed English prime minister Liz Truss said: “It is the passing of the second Elizabethan age. The Queen was the rock on which modern Britain was built.”

Replacing today’s leaders with tomorrow’s stewards

August 30, 2022

Director of Spectrum Dyes & Chemical Pvt Ltd and angel investor Akshat Chaudhary, discusses the importance of mentoring the next generation to become effective and evolved family business custodians.

Director of Spectrum Dyes & Chemical Pvt Ltd and angel investor Akshat Chaudhary, discusses the importance of mentoring the next generation to become effective and evolved family business custodians.

Author and inspirational speaker Simon Sinek said: “Leadership is not about being in charge. Leadership is about taking care of those in your charge.”

Breakout session with Russ Haworth

July 29, 2022

As a family business coach and mentor who helps next-gen family business members to gain clarity and direction in their lives, Russ Haworth knows a thing or two about what makes multi-generational ultra-high-net-worth families tick.

How trust law has evolved to meet families’ philanthropic spirit

July 18, 2022

How is the trust concept of ‘Benefit’ evolving to fit today’s world? Alice Killingbeck, director at KPMG Law, takes a closer look.

On May 14, 2021, the Jersey Royal Court handed down a contemporary judgment “In the matter of the May Trust”, reflective of the modern world’s acceptance that inherited wealth is increasingly intertwined with a family’s purpose and values, tax morality and public reputation.

Stepping out of the shadows of successful family members

July 12, 2022

In an exclusive interview, psychologist and private family wealth consultant Dr. James Weiner discusses how to deal with the long shadows cast by successful and prominent family members.

In his new book, The Quest For Legitimacy: How Children Of Prominent Families Discover Their Unique Place In The World, psychologist and private family wealth consultant Dr. James Weiner explores what it’s like to live in the shadows of successful and prominent family members.